I've got the UK Blu-Ray release of this and have to concede that it's far from impressive. Very flat picture which (to me) looks barely better than an upconverted DVD, but as stated this may well be down to the way it's shot.
Certainly miles behind the fantastic Thin Red Line and Platoon transfers.

This is one of the worst Blu transfers I've ever seen. I know it's 16mm but that ain't the problem - the DNR and edge enhancement are ridiculous, the text at the beginning of the film shows this, and it doesn't get much better. I think this could be a contender for the DVD being better. Can anyone compare?